Press Release

Simon Property Group To Broadcast Investor Presentation Live on the Internet

INDIANAPOLIS, March 31 /PRNewswire-FirstCall/ -- Simon Property Group,
Inc. (NYSE: SPG) today announced that it will provide an online simulcast of
its presentation to the investment community at the Banc of America Securities
2003 Consumer Conference on April 2, 2003 in New York beginning at
2:40 p.m. EST.

The live audio broadcast of SPG's presentation will be available online
at www.simon.com (Corporate Info tab). An online replay of this presentation
will be available through April 18, 2003 at 5:00 p.m. PDT.

Simon Property Group, Inc. (NYSE: SPG), headquartered in Indianapolis,
Indiana, is a real estate investment trust engaged in the ownership and
management of income-producing properties, primarily regional malls and
community shopping centers. Through its subsidiary partnerships, it currently
owns or has an interest in 242 properties containing an aggregate of 183
million square feet of gross leasable area in 36 states, as well as nine
assets in Europe and Canada. Additional Simon Property Group information is
available at www.simon.com .